Norwegian’s 2Q15 results see 9% passenger increase

Norwegian’s financial results for the second quarter of 2015 (2Q15) show the airline carried seven million passengers, an increase of 9% in comparison with the same period last year.
During 2Q15, the carrier’s total revenue was almost NOK5.9 billion, which has grown by 16% from 2Q14.
Norwegian’s capacity growth for the quarter was 8% after taking delivery of a new 787 Dreamliner and two Boeing 737-800 aircraft and launching domestic routes in Spain, new routes to the Caribbean and new routes between the Caribbean and the cities of Boston, New York and Washington DC.
Traffic growth was 15%, reflecting that each of Norwegian’s passengers on average flies significantly longer than they did before.
It follows that Norwegian’s long-haul routes experienced a revenue growth of 60%. During the period, Norwegian carried 324,000 passengers on its long-haul network, which is more than double the 139,000 passengers carried in 2Q14. The airline’s long-haul operation for the second quarter of 2015 had a load factor of 91%.
Norwegian’s overall load factor for 2Q15 was 85%, a rise of five percentage points from the same quarter last year. The carrier also confirmed more and more passengers are purchasing optional extras onboard.
Elsewhere, the airline says fuel prices have decreased, which – thanks to a young aircraft fleet –outweighs the effects of a weak Norwegian krone.

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